The financial markets were jolted by Fed’s hawkish rate cut last week, sending ripples across stocks, bonds, currencies, precious metals, and even cryptocurrencies. Fed’s indication of prolonged restrictive monetary policy fueled risk aversion, pushing Dollar to end the week as the strongest performer in the currency markets, supported by surging yields and elevated Fed expectations….
Why the Choice of the US Treasury Secretary is Important for Trading. I hate writing about politics and only do so to the extent it impacts trading. This is one of hose times when politics (i.e. the US election) has potential to have long range implications for the global economy.so it pays to…
Silver struggles to maintain momentum, hovering near the 100-day SMA at $30.34 with a downward bias. Potential further decline could see silver test key supports at $30.00 and the 200-day SMA at $28.63. A rebound above $31.00 could challenge higher resistances, targeting the 50-day SMA at $31.51 and beyond. Silver’s price fell over 0.70% beneath…
Precious metal prices are fluctuating near multi-year highs due to safe-haven demand driven by: → Uncertainty surrounding the U.S. elections, → Ongoing tensions in the Middle East, → Expectations of central banks lowering interest rates. As seen on the XAG/USD chart, silver prices: → Are near their highest levels in 12 years, → Are approaching…
Silver surges past $32.00, driven by falling US Treasury yields, with prices up 2.26% during the North American session. The RSI indicates growing bullish momentum, with key resistance levels at $32.95 and $33.00 in sight. A pullback below $32.00 could see support at $31.32, with stronger backing around the 50-DMA at $30.13. Silver’s price skyrocketed…
Rich Dad Poor Dad author Robert Kiyosaki has shared his expectation that the price of bitcoin could skyrocket to $500,000 by next year and $1 million by 2030. He referenced Jim Rickards’ upcoming book, which warns about the risks AI poses to the global financial system, potentially increasing economic instability. Robert Kiyosaki’s Bold Bitcoin Prediction…
The financial markets have been more influenced by speculations than by concrete economic data, as anticipation builds ahead of Fed’s interest rate decision on September 18. Recent US economic indicators, including the latest CPI report and the prior week’s non-farm payrolls, pointed toward a cautious and modest 25bps rate cut. However, traders and investors chose…
Rich Dad Poor Dad author Robert Kiyosaki has explained why he is preparing for a crash landing. He criticized U.S. leadership, including Vice President Kamala Harris, Treasury Secretary Janet Yellen, and Fed Chairman Jerome Powell, calling them “3-Stooges.” Kiyosaki advised his followers to invest in gold, silver, and bitcoin, emphasizing self-reliance over relying on the…
Silver shoots up after the release of US inflation data. It threatens to break above an important resistance level at $30.00. At the same time the precious metal continues to make lower lows suggesting a bearish bias in the short-term. Silver (XAG/USD) pops higher after market-moving data on Wednesday and attempts to break back above…
Peter Schiff, an American economist, financial broker, and author, is renowned for his bearish outlook on the U.S. economy and his accurate prediction of the 2008 financial crisis. Born on 23 March 1963 in New Haven, Connecticut, Schiff holds a degree in finance and accounting from the University of California, Berkeley. Starting his career as…